Sono-Tek (NASDAQ:SOTK) Stock Passes Below 200 Day Moving Average - Here's Why

Key Points

• Sono-Tek's share price briefly fell below its 200-day moving average (200-day = $4.14, traded as low as $4.03) during Thursday trading, though shares last traded around $4.19 with light volume (~21,645 shares).
• Analysts maintain a consensus "Hold" rating with an average target of $8.50 (Truist set an $8.50 target and Weiss Ratings reiterated a hold).
• The company reported quarterly EPS of $0.02, missing the $0.03 estimate and revenue of $5.00M vs. $5.25M expected; market cap is $65.82M and the stock trades at a P/E of 41.9, with analysts forecasting FY EPS of $0.07.

Sono-Tek Corporation (NASDAQ:SOTK - Get Free Report)'s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.14 and traded as low as $4.03. Sono-Tek shares last traded at $4.19, with a volume of 21,645 shares traded.

Analyst Ratings Changes

Several analysts have recently commented on SOTK shares. Truist Financial set a $8.50 target price on Sono-Tek in a research report on Friday, March 13th. Weiss Ratings reiterated a "hold (c)" rating on shares of Sono-Tek in a report on Friday, March 27th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $8.50.

Sono-Tek Trading Up 2.9%

The stock has a market capitalization of $65.82 million, a price-to-earnings ratio of 41.90 and a beta of -0.29. The company has a fifty day moving average of $4.09 and a two-hundred day moving average of $4.14.

Sono-Tek (NASDAQ:SOTK - Get Free Report) last issued its quarterly earnings results on Tuesday, January 13th. The industrial products company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). Sono-Tek had a return on equity of 8.54% and a net margin of 7.72%.The business had revenue of $5.00 million during the quarter, compared to the consensus estimate of $5.25 million. As a group, sell-side analysts predict that Sono-Tek Corporation will post 0.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bard Associates Inc. raised its position in Sono-Tek by 7.0% in the 4th quarter. Bard Associates Inc. now owns 43,244 shares of the industrial products company's stock valued at $179,000 after purchasing an additional 2,838 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Sono-Tek by 62.6% in the fourth quarter. Renaissance Technologies LLC now owns 62,939 shares of the industrial products company's stock valued at $260,000 after buying an additional 24,239 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Sono-Tek by 12.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 21,200 shares of the industrial products company's stock valued at $88,000 after buying an additional 2,427 shares during the last quarter. HM Payson & Co. acquired a new position in Sono-Tek during the 4th quarter worth about $89,000. Finally, Susquehanna International Group LLP grew its holdings in Sono-Tek by 28.2% during the 3rd quarter. Susquehanna International Group LLP now owns 15,410 shares of the industrial products company's stock worth $69,000 after acquiring an additional 3,389 shares during the last quarter. 47.89% of the stock is owned by institutional investors.

Sono-Tek Company Profile

Sono-Tek Corporation is a specialized equipment manufacturer that designs, develops and sells ultrasonic spray coating systems for precision fluid delivery. The company's core technology uses high-frequency ultrasonic vibrations to generate fine, uniform droplets that can be applied to a broad range of substrates with minimal waste and high accuracy. This method enables precise control over coating thickness, distribution and material usage, making it well suited to applications requiring micro-scale deposition and tight process tolerances.

The company's product portfolio includes bench-top research and development stations, pilot-scale units and full production systems.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.